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Tipsheet 2 Insurance Clauses – Pitfalls for brokers

Tipsheet 2. Insurance Clauses . Pitfalls for brokers Broker Version Updated September 2010. Some common Pitfalls experienced when These types of reviews should be reviewing Insurance Clauses in client's undertaken by a lawyer who specialises in contracts. contract liabilities and Insurance working with a broker. How can brokers help? brokers are often asked to review the What can brokers safely' tell Insurance Clauses in a client's contract to clients? confirm that the Insurance the broker has If asked, brokers can: placed meets the contract requirements. Examples: Advise whether the Insurance described in the contract is available on reasonable The Insurance must cover all liability to pay commercial terms in the current market. damages or compensation arising out of any Confirm Insurance is in place by getting injury or death to a person or any loss of or a certificate of currency from the insurer.

Tipsheet 2. Insurance Clauses – Pitfalls for brokers . Updated September 2010 . Some common pitfalls experienced when reviewing insurance clauses in client’s

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